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Google's parent said quarterly profit jumped and it announced its first cash dividend, sending its stock soaring after months of scrutiny over an expensive push in artificial intelligence.
Google’s parent said quarterly profit jumped and it announced its first cash dividend, sending its stock soaring after months of scrutiny over an expensive push in artificial intelligence.The Wall Street Journal - World -
BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders
Legal & General and Abrdn criticise offer as undervaluing UK-listed minerFinancial Times - Business -
As Alphabet follows Meta with a dividend, the pressure is now on Amazon
Dividends are a sign of maturing companies, but may also be a diversion for investors amid hefty capital spendingMarketWatch - Business -
Alphabet shares jump 14% on earnings beat, first-ever dividend
Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.CNBC - Business -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
Alphabet issues first ever dividend, $70 billion buyback
Alphabet said Thursday that it’s issuing a 20-cent per share dividend, the company’s first ever, and that its board authorized the repurchase of up to $70 billion in stock.NBC News - Top stories -
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
Also in today’s newsletter, Blinken meets Xi and investors scale back US rate cut betsFinancial Times - World -
FirstFT: Alphabet beats earnings forecast and announces first-ever dividend
Also in today’s newsletter, Blinken meets Xi and investors scale back US rate cut betsFinancial Times - World -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business -
Google parent Alphabet hits $2tn valuation as it announces first dividend
Tech company’s shares rise as it plans to reward investors after strong quarterly results . Google’s parent company has hit a stock market value of $2tn (£1.6tn) as investors reacted to a declaration of its first ever dividend alongside strong ...The Guardian - World - Google -
Forecasters predict record number of hurricanes
Weather forecasters at the University of Pennsylvania predicted a record hurricane season for 2024 on Thursday, a “hyperactive” season that could threaten the Gulf Coast. The Penn forecast predicts between 27 and 39 named tropical storms, with the ...The Hill - Politics -
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.MarketWatch - Business -
U.S. Fertility Rate Falls to Record Low
Fewer babies were born in the U.S. in 2023 than any year since 1979.The Wall Street Journal - World -
'We lost £26,000 in a year' - shoplifting hits record in England and Wales
Shoplifting was up by 37% in the year to December 2023, the highest since records began in 2003.BBC News - Top stories -
Taylor Swift hits number one and breaks records
The star's latest album tops the UK charts after a week in which she clocked up a number of firsts.BBC News - Top stories -
Caleb Williams breaks Caitlin Clark merch record
No. 1 pick Caleb Williams is breaking records before setting foot in Chicago, setting the record for draft night sales in any sport.ESPN - Sports -
Eagles tie NFL draft record with eight trades
The Philadelphia Eagles tied an NFL record for most trades in a seven-round draft with eight, joining the 2023 Texans and 2018 Patriots.ESPN - Sports - NFL -
Alphabet’s stock surges on Triple Crown of first-ever cash dividend, $70 billion stock buyback, strong results
Google parent Alphabet Inc.’s stock soared 12% in after-hours trading Thursday following huge spikes in revenue and net income that trounced analysts’ predictions — as well as its first-ever cash dividend of 20 cents per share.MarketWatch - Business -
Alphabet soars most since 2015 on strong earnings, first dividend and $70 billion buyback
Alphabet shares shot up Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend along with a buyback.CNBC - Business -
Israel thought to be preparing to send troops into Rafah
Two reservists brigades mobilised for Gaza missions while rows of tents put up in Khan Younis. Israel appears to be readying to send troops into Gaza’s southernmost city of Rafah, the only corner of the strip that has not seen fierce ground ...The Guardian - World - Israel -
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Ukraine uses longer-range US missiles for first time
Missiles secretly delivered this month have been used to strike Russian targets in Crimea, US media say.BBC News - Top stories - Ukraine -
NBA playoffs: Heat even series vs. Celtics with franchise record in 3-pointers, Thunder dominate Pelicans
The Thunder did No. 1 seed things. The Celtics not so much.Yahoo Sports - Sports - NBA -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
U.S. birth rate drops to record low, ending pandemic uptick
CDC's provisional figures show a 2% decline in births from 2022 to 2023.CBS News - Top stories -
Diamond market shows serious cracks from man-made stones
Miners are battling to whittle down the oversupply of gemsFinancial Times - Business -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemicFinancial Times - Business -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - World -
Royal Caribbean sees record bookings as demand for experiences and travel grow
There were a lot of records associated with Royal Caribbean’s first-quarter report, including ticket pricing, bookings and the stock, as demand for cruises remained “very robust.”MarketWatch - Business -
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levelsMarketWatch - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - Business -
CEOs are quitting at record rates, and women are twice as likely as men to leave
Women CEOs are twice as likely as men to quit within 2 years, and four times as likely to leave within 1 year.CNBC - Business -
DOJ rebuffs GOP’s second demand for Biden-Hur audio recordings
The Justice Department on Thursday for a second time declined to turn over audio recordings of President Biden’s interview with special counsel Robert Hur, rejecting claims from GOP impeachment investigators that the recordings contain information ...The Hill - Politics - Joe Biden -
Broncos make Nix record-tying 6th 1st-round QB
The Denver Broncos picked Oregon quarterback Bo Nix with the No. 12 pick Thursday night, moving to select their quarterback of the future.ESPN - Sports - NFL -